18 January 2021
With the end of the fiscal year right around the corner, many people like to consider their giving plans.
At this time of year, we remind generous New Zealanders that a donation to your local community before 31 March will be eligible for a 33.3% tax credit.
There are now two ways to file for a tax credit when you make a one-off gift or engage in regular giving through an A/P with your local community foundation:
Hint: If you have missed filing tax credit forms for donations made in past years, the IRD will let you go back up to four years, for tax years 2017 through 2020.
Through our work around the country, we see incredibly committed donors who are starting to build their funds during their lifetimes. Many people get tremendous fulfillment by seeing the benefit of their contributions at work in their community.
And you can support your local region today in all sorts of ways, from:
In the end, people give to the causes that they value most, and the 33.3% tax credit provides a really nice incentive to act before 31st March.
It's a smart way to make your giving go further through your local community foundation.
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